From Range to Reality: Nailing the Final Real Estate Value
Learn how to interpret Hesti’s confidence interval and steer the result up or down based on location, condition, building quality and extras.
Mārtiņš Kozlovskis
Key takeaways
A range, not a number. Hesti shows a 95 % confidence band; pinpoint your price by factoring in property specifics and comps.
Upper end renovated, well-equipped homes in prime, quiet streets.
Lower end fixer-uppers, noisy blocks or lower-grade buildings.
Checklist — location, condition, building, extras — guides your adjustment inside the band.
How the calculator works
The model mixes comparable sales with machine learning to output a central value plus a 95 % confidence range. Sparse data or unique features widen the band.
Why the range can be wide
- Few comps in that niche (e.g. loft penthouse).
- Extreme attributes – huge floor area, rooftop terrace.
- Off-market deals that never appeared as ads.
Factors that tilt you up or down
Location
- Up if central, safe, quiet, near parks & cafés.
- Down if busy road, far from amenities.
Unit condition
- Up for fresh renovation, low utilities, quality appliances.
- Down if renovation needed.
Building quality
- Up for new or refurbished structure, tidy common areas.
- Down for heavy wear or upcoming repairs.
Extras
- Balcony, parking, high ceilings push up.
- Lack of them nudges down.
- Uncooperative neighbors who are unwilling to invest in the property can also lower value.
Step-by-step to a final price
- Get the calculator’s range.
- Pull 3–5 similar sales from Hesti’s deal catalogue.
- Score the factors above.
- Adjust: add or subtract ~5–10 % per major plus/minus.
- Cross-check active listings to stay competitive.
Takeaway
Hesti’s calculator is a data-driven starting line. Fine-tune with location, condition and building checks to land on a price that sells — without leaving money on the table.